<p>The Hyderabad-based company, promoted by the family of B Ramalinga Raju, the disgraced former chairman of the scam-hit Satyam Computers, also said that revenues in 2008-09 were down 19 percent to Rs.1,335 crore from Rs.1,637 crore it logged the previous fiscal.<br /><br /></p>.<p>The company attributed the losses to accounting adjustments due to lower level of operations, clients not certifying the work done and some damages imposed by clients.</p>
<p>The Hyderabad-based company, promoted by the family of B Ramalinga Raju, the disgraced former chairman of the scam-hit Satyam Computers, also said that revenues in 2008-09 were down 19 percent to Rs.1,335 crore from Rs.1,637 crore it logged the previous fiscal.<br /><br /></p>.<p>The company attributed the losses to accounting adjustments due to lower level of operations, clients not certifying the work done and some damages imposed by clients.</p>